USA Electric Truck Market Outlook for 2021-26
Markntel Advisors has conducted a comprehensive study on the US Electric Truck Market Analysis, 2021," the market is likely to grow at a CAGR of 60% during 2021-26 due to the various government regulations to reduce nitrogen oxide & carbon dioxide emissions. It will promote zero-emission freight vehicles and increase electrification to help the road freight transport sector. Moreover, rising advancements in electric-vehicle technology, burgeoning development & testing of the battery-electric model by truck manufacturers, and snowballing investments in hydrogen fuel cell technology are factors propelling the growth of the electric truck market.
In addition, the USA Electric Truck Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Surging Demand for Electric Trucks in Logistics Operations
The rapid growth in the e-commerce industry has escalated the demand for deploying electric trucks in the logistics firms due to snowballing need for faster deliveries, thereby inclining the focus of several logistics companies toward sustainable technology. E-commerce companies like Amazon and Walmart to achieve their corporate sustainability targets and are planning to roll out electric light trucks for deliveries. Thus, this is further likely to promulgate the electric truck market growth in the country over the forecast period.
USA Electric Truck Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the USA Electric Truck Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Vehicle Type
-Light-Duty Truck
-Medium-Duty Truck
-Heavy-Duty Truck
-By Propulsion
-Battery Electric Vehicle
-Hybrid Electric Vehicle
-Plug-In Hybrid Electric Vehicle
-Fuel Cell Electric Vehicle
-By Range
-0–150 Miles
-151–250 Miles
-251–500 Miles
->500 Miles
-By Battery Capacity
-<100 kWh
-100–200 kWh
-201–300 kWh
->300 kWh
-By Application
-Logistic
-Municipal
-By Region
-California
-New York
-Washington
-Florida
-Texas
-Others
Each sections offer valuable insights into the USA Electric Truck Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the USA Electric Truck Industry
-Chanje Energy Inc.
-Orange EV
-Mitsubishi Fuso Truck & Bus Corp.
-Nikola Motor Co.
-Tesla Inc.
-Ford Motor Co.
-General Motors Co.
-Workhorse Group Inc.
-BYD Co. Ltd.
-Fiat Chrysler Automobiles N.V.
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USA Electric Truck Market Research Report Answers the Following Key Questions
- How big is the USA Electric Truck Market?
- What is the projected growth rate or CAGR of the USA Electric Truck Market during 2021-26?
- What are the key trends or growth opportunities for the key players in the USA Electric Truck Market?
- Which ‘segment’ seems promising for companies operating in the USA Electric Truck Market?
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